Fighting corruption

Two views

Corruption is considered a global epidemic that costs the economy more than $1 trillion annually, according to estimates by the World Bank Institute. In recent years, the public and private sectors around the globe have begun working together to change that situation, attempting to level the playing field for citizens, nations, and businesses. Following is an overview of their efforts.

“Corruption is recognized to be one of the world’s greatest challenges. It is a major hindrance to sustainable development, with a disproportionate impact on poor communities and is corrosive on the very fabric of society.”UN Global Compact

Public sector

Private sector

"The impact on the private sector is also considerable—[corruption] impedes economic growth, distorts competition and represents serious legal and reputational risks.”UN Global Compact